Inventory Master

the inventory master file establishes the inventory items along with their comprehensive attributes subsequently, these inventory items are allocated to various sites or locations, where their attributes are tailored to meet the specific preferences of each site note inventory values and general ledger accounts used for processing transactions are taken from the inventory site record not the inventory master record process steps enter or edit inventory items if the "add new items to default site" is set to yes, new items added will be also added to the default site in the inventory location table fields number enter an alphanumeric item number to represent the item item number has a maximum length of 100 characters including any special characters like a dash item name enter an alphanumeric name to represent the item item name has a maximum length of 160 characters including any special characters like a dash generic name the generic name is used as an alternative search criteria enter an alphanumeric name to represent the item item name has a maximum length of 160 characters including any special characters like a dash item costing an item costing method must be selected available options are fifo first in first out lifo last in last out weighted average standard specific identification see xxxxxxxxxxxxxxxxxxx type an item type must be selected available options are sales item items primarily purchased for resale, item quantities are tracked and cost is based on item costing above material items primarily purchased for use in assembly options, item quantities are tracked and cost is based on item costing above labor items used for invoicing item quantities are not tracked and no item costing entries are made kit not used at this time other items used for invoicing item quantities are not tracked and no item costing entries are made tracking inventory items caon be tracked by a serial or lot number options are none serial lot lot with expiration for more information on inventory tracking see xxxxxxxxxxxxxxxxxxxxxx item class item classes are used to group items for pricing purposes see item class docid\ xjdl6lvf1csiribfbfh61 allow for sales when set to no prevents the inventory item to be added to an invoice unit of measure define a stocking unit of measure see uom docid\ t2gasrsvhckw87vldmk37 abc code select a code a, b or c to help classify inventory based on its value or turns commissionable for future use default price if no pricing matrix is present, this will be the default price in invoicing see item pricing docid\ vymrskghayqigmpv czbx standard cost this is applicable only if you select the standard costing method under item costing taxable set the flag to yes if the item is taxable the customer or invoice must have a tax schedule identified for tax to be calculated see tax schedules docid 0zpj0zde2dvbaepkgcnzr revenue account select the default revenue account for the item the revenue account can be changed on each invoice line item expense account select the default expense account for the item the expense account can be changed on each invoice line item offset account select the default offset account for the item the offset account is used for items with standard costing to charge purchase price variances inventory account selecting an inventory account for will override the account setup in the entity configuration allow back orders not used at this time width, length, height and weight not used at this time